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Impact Of Global Financial Crisis On Crude Oil Prices, Stock Prices And Inflation Rates In Nigeria
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OBJECTIVES OF THE STUDY
To determine the trend in stock prices movement before and during the financial crisis.
To determine the trend of inflation rate movement before and during the financial crisis.
To determine the trend of crude oil prices before and during the financial crisis.
To compare the stock prices before the crisis and during the financial crisis.
To compare the inflation rates before the financial crisis and during the financial crisis
To compare crude oil prices before and during the financial crisis
To correlate crude oil prices, inflation rate and stock prices of some selected companies in Nigeria.
SIGNIFICANCE OF THE STUDY
The global financial crisis has come to define the world which we live in. The crisis was triggered by the sub-prime mortgage crisis in the US. This has destabilized the financial market of the developed world, leading to the collapse of notable names in the banking business. Production in these economies has also been adversely affected, leading to a decline in output. This work is therefore timely as it will bring to forefront the pending issues in the Global financial crisis.
This study addresses the Impact of Global Financial Crises on Crude Oil Prices, Stock Prices and Inflation Rates in Nigeria Capital Market, during the Global Financial Crisis of 2008 and to seek ways to forestall future occurrences, to identify the factors responsible for the crisis.
ORGANIZATION OF THE STUDY
This thesis comprises five chapters; chapter one deals with introduction to the global financial crises in Nigeria. In chapter two the relevant literature review of global financial crisis with particular reference to Nigeria are discussed. Chapter three describes the sources of data, data presentation, data analysis techniques, variables under study and model formulation while chapter four involves data analysis, interpretation and hypotheses testing.
Chapter five is concerned with the summary, conclusions and recommendations on how to deal with global financial crises more especially with regard to Nigeria.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study explains the effects of financial crisis on crude oil prices, stock prices and inflation rates in Nigeria and the global markets. Data were obtained from major players in the financial and oil sectors of the economy. They were analyzed using statistical packages. The results showed that crude oil and stock prices were both increasing before the crisis and decreased during and after the crisis. It was also observed that the inflation rate was increasing. ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTS Front Matter Author’s DeclarationAbstractTable of ContentsCHAPTER ONE: INTRODUCTION Summary of Chapter One – Introduction Objectives of the studySignificance of the study.CHAPTER TWO: LITERATURE REVIEW 2.1 Introduction Stock Market in Nigeria/Financial CrisisInflation/Crude Oil Prices CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY IntroductionResearch DesignSources of DataData PresentationData Analysis TechniqueModel Specification Chapter Four: DATA ANALYSIS Intro ... Continue reading---
CHAPTER TWO - [ Total Page(s): 4 ]CHAPTER TWOLITERATURE REVIEWINTRODUCTIONThis chapter is a review of the literature encountered during the course of this study. It aims to set out the foundation upon which the author builds and addresses the lack of specific literature on financial crisis by building bridges between the literature that is available in the field of inflation, stock market and the literature concerning crude oil prices.The chapter also evaluates the current information on the state of the global financial crisis. ... Continue reading---
CHAPTER THREE - [ Total Page(s): 3 ]Every sample has some variation in it (unless all the values are identical, and that's unlikely to happen). The total variation is made up of two parts, the part that can be explained by the regression equation and the part that can't be explained by the regression equationWell, the ratio of the explained variation to the total variation is a measure of how good the regression line is. If the regression line passed through every point on the scatte ... Continue reading---
CHAPTER FOUR - [ Total Page(s): 6 ]The simple hypothesis that we will be testing under this sector is that there is no significant difference between the average prices of stock before the crisis and during the crisis. The above table shows that it is only Intercontinental Bank that there do not exist a significant difference “before crisis prices and during crisis prices. In the other banks there exists a significant difference in the price of the stock.PETROLEUM (MARKET) SECTORIn this sector there was no significant diffe ... Continue reading---
CHAPTER FIVE - [ Total Page(s): 2 ]CHAPTER FIVESUMMARY, CONCLUSION AND RECOMMENDATIONSSUMMARYChapter one saw us introducing the concept of global financial crisis. Attempts are made to give a background of global financial crisis, viz a viz the Nigeria situation. Nigeria is a part and parcel of the committee of nations low vulnerable. It was observed that Nigeria economy to global financial crisis and what have been the effects of the inflation, the magnitude and trend on the various sectors.Also, the objectives for this research ... Continue reading---
REFRENCES - [ Total Page(s): 2 ]BIBLIOGRAPHY1. (2009b), “Initial Lessons of the Crisisâ€, February.2. Adelman, M. A. (1990), Mineral depletion, with special reference to Petroleum. The review of economic and statistics. 72(1) February pp.1-103. Adeyeye, E.A. and T.O. Fakiyesi. 1980. “Productivity Prices and Incomes Board and anti inflationary policy in Nigeriaâ€. In The Nigerian Economy under the Military, Proceedings of the 1980 Annual Conference of the Nig ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study explains the effects of financial crisis on crude oil prices, stock prices and inflation rates in Nigeria and the global markets. Data were obtained from major players in the financial and oil sectors of the economy. They were analyzed using statistical packages. The results showed that crude oil and stock prices were both increasing before the crisis and decreased during and after the crisis. It was also observed that the inflation rate was increasing. ... Continue reading---